Regulatory Alerts2005-09-02
Decree on Conditions and Manner of Redemption of Republic of Serbia Bonds Before Maturity for Paying Certain Costs
The Republic of Serbia issued this decree to establish the procedures for the early redemption of bonds issued under the Economic Development Loan. Entitled persons may redeem these bonds at a 2% annual discount to cover specific medical, pharmaceutical, and funeral expenses incurred by themselves or close family members. The process requires applicants to submit verified documentation to authorized banks, which then coordinate with the National Bank of Serbia to transfer funds for the discounted bond payments.
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